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Annual Report 2023-24
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Noosa Council
Financial Performance
Noosa Council
General Purpose Financial Statements Statement of Comprehensive Income
for the year ended 30 June 2024 for the year ended 30 June 2024
§Statement§
$ '000 Notes 2024 2023
Table of Contents Page Income
Revenue
Recurrent Revenue
Current Year Financial Sustainability Statement 51 Rates, Levies and Charges 3a 88,468 83,271
53 Fees and Charges 3b 9,390 8,221
Certificate of Accuracy (audited ratios)
Sales Revenue 3c 16,027 13,972
Independent Auditor's Report - Current Year Financial Sustainability Statement 54
Grants, Subsidies, Contributions and Donations 3d 4,559 7,469
Certificate of Accuracy (contextual ratios - unaudited) 56
Total Recurrent Revenue 118,444 112,933
Unaudited Long Term Financial Sustainability Statement 57 Capital Revenue
Certificate of Accuracy - Long Term Financial Sustainability Statement 60 Grants, Subsidies, Contributions and Donations 3d 59,622 20,853
Total Capital Revenue 59,622 20,853
Other Income
Rental Income 18 1,665 1,749
Interest and Investment Revenue 4a 9,279 6,406
Equity share of profit (loss) in Associate through Participation Rights 13 6,490 5,846
Other Income 4b 2,744 2,641
Capital Income 5 – 765
Total Other Income 20,178 17,407
Total Income 198,244 151,193
Expenses
Recurrent Expenses
Employee Benefits 6 47,365 41,029
204 Materials and Services 7 60,335 54,798 205
Finance Costs 8 1,386 9,665
Depreciation and Amortisation:
Depreciation of Property, Plant and Equipment 15 21,960 19,890
- Intangible Assets 16 42 48
- Right of Use Assets 18 168 26
Total Recurrent Expenses 131,256 125,456
Other Expenses
Capital Expenses 9 20,166 8,974
Total Other Expenses 20,166 8,974
Total Expenses 151,422 134,430
Net Result 46,822 16,763
Other Comprehensive Income
Items that will not be reclassified to Net Result
Increase/(Decrease) in Asset Revaluation Surplus 15,26 (18,509) 12,862
Total Other Comprehensive Income for the year (18,509) 12,862
Total Comprehensive Income for the year 28,313 29,625
Noosa Council Annual Report 23/24
The above statement should be read in conjunction with the accompanying notes and material accounting policies.
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